In the world of precious metals trading, gold prices have been demonstrating a significant resistance around the 20-day moving average. In a battle of wills, the gold market is trying to gain an upper hand but is consistently met with obstinate resistance level. This narrative is bringing both tension and excitement to the gold trading world. The consistent challenge towards the resistance has created an environment that is both uncertain and desirable for traders. From a technical viewpoint, the outlook for gold is bullish if it manages to sustain above the 20-day moving average. But the occasional dips have been causing jitters in the investor community. Waiting and observing will be the best strategy for traders in this environment. Stay tuned for more updates on the gold market. Read More
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